Earnest Capital

Investment Advisor + Mentor for Founders of Calm Companies

Analytics

Raised to Date: Raised: $1,716,462

Aggregate Commitments $
Platform

Wefunder

Start Date

06/18/2021

Close Date

07/23/2021

Min. Goal

$900,000

Max. Goal

$2,000,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$20,000,000

Rolling Commitments $
Status
Funded
Reporting Date

07/28/2021

Days Remaining
Funded
% of Min. Goal

191%

% of Max. Goal

86%

Likelihood of Max
Funded
Avg. Daily Raise

$49,042

# of Investors

1,003

Momentum
Funded
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Location

Miami, Florida

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Earnest Capital, with a valuation of $20 million, is raising crowdfunding on Wefunder. The company offers capital, community, and mentorship for calm companies. It aims to become the default source of capital for startups and support them in the entrepreneurship journey. Tyler Tringas founded Earnest Capital in November 2018. The proceeds of the current crowdfunding round, with a minimum raise of $1,000,000 and a maximum raise of $2,000,000, will be used for investments in the team, funding a scout program, and closing costs. Earnest Capital has invested in over 35 software startups with a 167% total portfolio value increase. Several of the portfolio companies of Earnest Capital are sharing profits with it, and two have demonstrated successful exits.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$418,298

$88,499

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$85,679

$23,479

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$143,291

$82,848

Accounts Receivable

$9,476

$0

Total Assets

$173,861

$88,059

Short-Term Debt

$87,178

$44,555

Long-Term Debt

$0

$0

Total Liabilities

$87,178

$44,555

Financials as of: 06/18/2021
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